NextEra Energy, Inc. (NYSE:NEE) Stock Position Raised by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 40.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,577 shares of the utilities provider’s stock after purchasing an additional 1,601 shares during the period. Consolidated Portfolio Review Corp’s holdings in NextEra Energy were worth $395,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NEE. BCK Partners Inc. raised its position in NextEra Energy by 3.8% during the second quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after acquiring an additional 135 shares in the last quarter. Renasant Bank increased its stake in shares of NextEra Energy by 1.0% during the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after purchasing an additional 142 shares during the last quarter. Stonebridge Capital Advisors LLC raised its holdings in shares of NextEra Energy by 1.8% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after purchasing an additional 143 shares in the last quarter. Proffitt & Goodson Inc. lifted its stake in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in NextEra Energy by 1.0% in the second quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider’s stock worth $1,076,000 after purchasing an additional 146 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

NYSE NEE opened at $80.51 on Monday. The company’s fifty day moving average is $75.39 and its two-hundred day moving average is $69.67. The firm has a market capitalization of $165.48 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 2.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $81.07.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period last year, the business earned $0.88 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.56%. NextEra Energy’s payout ratio is 56.13%.

Analyst Ratings Changes

Several research firms have weighed in on NEE. Bank of America raised their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday. BMO Capital Markets raised their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada upped their target price on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Morgan Stanley lifted their price target on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Scotiabank boosted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.